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Americans Give Thumbs Up to the Economy in 2015

Friday, September 9, 2016

From Demo Memo

The Feds may be uncertain about the direction of the economy, but Americans are giving it a thumbs up. The average household boosted its spending on a wide variety of products and services between 2014 and 2015 after adjusting for inflation, according to a Demo Memo analysis of the “Consumer Expenditure Survey.” Many long-languishing discretionary categories (apparel, furniture) got a welcome infusion of cash, while some necessities (gasoline, electricity) eased their grip on the household budget. 

Spending gains, 2014-15 (in 2015 dollars)

Furniture: 29.6%

New cars and trucks: 25.1%

Alcoholic beverages: 11.1%

Reading material: 10.5%

Women's clothes: 8.0%

Food away from home: 7.8%

Entertainment: 4.1%

 

Spending declines, 2014-15 (in 2015 dollars)

Gasoline: -15.4%

Drugs: -12.7%

Natural gas: -4.2%

Mortgage interest: -3.3%

Vehicle insurance: -3.1%

Electricity: -1.7%

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Woodard Names Top Sales Award Winners

Friday, September 30, 2016

Woodard, known for its quality craftsmanship in iron, aluminum, and all season wicker outdoor furniture and accessories, saluted its Salesman of the Year and Woodard Winner recipients at the company’s recent Sales Achievement Dinner. The celebration...

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Big Boost in Spending in 2015

Thursday, September 29, 2016

The average U.S. household spent $55,978 in 2015, according to the Consumer Expenditure Survey , a substantial 4.5 percent more than in 2014 after adjusting for inflation. Every age group gained ground in 2015....

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Casual Industry Salutes 2016 Award Winners

Friday, September 23, 2016

The International Casual Furnishings Association (ICFA) honored top retailers, manufacturers, representatives and designers this week at a gala awards celebration during the Casual Market Chicago....

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